I have 6 assignments due tonight for ACC 205 and am stuck! Please help me!!! I cant move on to another question until the last is done correctly, i
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I have 6 assignments due tonight for ACC 205 and am stuck! Please help me!!! I cant move on to another question until the last is done correctly, i need help figuring out how to solve!
1) What is the equity at the beginning of the year?
Beginning Equity 9000
2) What is the equity at the end of the year?
Ending Equity 34,000
3) If the owner contributes $8,700 and the owner withdraws $42,400, how much is net income (loss)?
Net Income (Loss)
4) If net income is $2,200 and owner withdrawals are $7,000, how much did the owner contribute (owner, capital)?
Owner, Capital
5) If the owner contributes $16,600 and net income is $15,500, how much did the owner withdraw (owner, withdrawals)?
Owner, Withdrawals
6) If the owner contributes $44,800 and the owner withdraws $4,300, how much is net income (loss)?
Net Income (Loss)
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